26 CFR 1.664-4: -4 Calculation of the fair market value of the remainder interest in a charitable remainder unitrust.

(a) Rules for determining present value. For purposes of sections 170, 2055, 2106, and 2522, the fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) is its present value determined under paragraph (d) of this section. The present value determined under this section shall be computed on the basis of—

(1) Life contingencies determined as to each life involved, from the values of lX set forth in Table 2010CM in § 20.2031-7(d)(7)(ii) of this chapter in the case of transfers for which the valuation date is on or after June 1, 2023; or from Table 2000CM contained in § 20.2031-7A(g)(4) of this chapter in the case of transfers for which the valuation date is on or after May 1, 2009, and before June 1, 2023. See § 20.2031-7A(a) through (f) of this chapter, whichever is applicable, for transfers for which the valuation date is before May 1, 2009;

(2) Interest at the section 7520 rate in the case of transfers for which the valuation date is after April 30, 1989, or 10 percent in the case of transfers to charitable remainder unitrusts made after November 30, 1983, for which the valuation date is before May 1, 1989. See § 20.2031-7A (a) through (c) of this chapter, whichever is applicable, for transfers for which the valuation date is before December 1, 1983; and

(3) The assumption that the amount described in § 1.664-3(a)(1)(i)(a) is distributed in accordance with the payout sequence described in the governing instrument. If the governing instrument does not prescribe when the distribution is made during the period for which the payment is made, for purposes of this section, the distribution is considered payable on the first day of the period for which the payment is made.

(b) Actuarial Computations by the Internal Revenue Service. The regulations in this and in related sections provide tables of actuarial factors and examples that illustrate the use of the tables in determining the value of remainder interests in property. Section 1.7520-1(c)(2) refers to government publications that provide additional tables of factors and examples of computations for more complex situations. If the computation requires the use of a factor that is not provided in this section, the Commissioner may supply the factor upon a request for a ruling. A request for a ruling must be accompanied by a recitation of the facts including the date of birth of each measuring life, and copies of the relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (See § 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee. If the Commissioner furnishes the factor, a copy of the letter supplying the factor should be attached to the tax return in which the deduction is claimed. If the Commissioner does not furnish the factor, the taxpayer must furnish a factor computed in accordance with the principles set forth in this section.

(c) Statement supporting deduction required. Any claim for a deduction on any return for the value of a remainder interest in a charitable remainder unitrust must be supported by a full statement attached to the return showing the computation of the present value of such interest.

(d) Valuation. The fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) for transfers for which the valuation date is on or after June 1, 2023, is its present value determined under paragraph (e) of this section. The fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) for transfers for which the valuation date is before June 1, 2023, is its present value determined under the following sections:

Table 1 to Paragraph (d)

Valuation dates Applicable regulations

After Before

01-01-52 1.664-4A(a)

12-31-51 01-01-71 1.664-4A(b)

12-31-70 12-01-83 1.664-4A(c)

11-30-83 05-01-89 1.664-4A(d)

04-30-89 05-01-99 1.664-4A(e)

04-30-99 05-01-09 1.664-4A(f)

04-30-09 06-01-23 1.664-4A(g)

(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is on or after June 1, 2023—(1) In general. Except as otherwise provided in paragraph (e)(2) of this section, in the case of transfers for which the valuation date is on or after June 1, 2023, the present value of a remainder interest is determined under paragraphs (e)(3) through (7) of this section, provided that, in a short taxable year, the trustee must prorate the unitrust amount as provided in § 1.664-3(a)(1)(v). See, however, § 1.7520-3(b) (relating to exceptions to the use of the prescribed tables under certain circumstances).

(2) Transitional rule for valuation of charitable remainder unitrusts. For purposes of section 170, 2055, 2106, 2522, or 2624, in the case of transfers to a charitable remainder unitrust for which the valuation date is after April 30, 2019, and on or before June 1, 2023, the present value of a remainder interest based on one or more measuring lives is determined under this section by using the section 7520 interest rate for the month in which the valuation date occurs (see §§ 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial factors derived from the selected mortality table, either Table 2010CM in § 20.2031-7(d)(7)(ii) of this chapter or Table 2000CM in § 20.2031-7A(g)(4) of this chapter, at the option of the donor or the decedent's executor, as the case may be. If any previously filed income tax return is amended to use the actuarial factors based on Table 2010CM, the amended return must state at the top “AMENDED PURSUANT TO TD 9974.” If any previously filed gift or estate tax return is supplemented to use the actuarial factors based on Table 2010CM, the supplemental return must state at the top “SUPPLEMENTED PURSUANT TO TD 9974.” For the convenience of taxpayers, actuarial factors based on Table 2010CM appear in the current version of Table U(1), and actuarial factors based on Table 2000CM appear in the previous version of Table U(1). Both versions of Table U(1) currently are available, at no charge, electronically via the IRS website at https://www.irs.gov/retirement-plans/actuarial-tables (or a corresponding URL as may be updated from time to time). The donor or decedent's executor must consistently use the same mortality basis with respect to each interest (income, remainder, partial, etc.) in the same property, and with respect to all transfers occurring on the same valuation date. For example, gift and income tax charitable deductions with respect to the same transfer must be determined based on factors with the same mortality basis, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on factors with the same mortality basis.

(3) Adjusted payout rate. For transfers for which the valuation date is after April 30, 1989, the adjusted payout rate is determined by using the appropriate Table F in paragraph (e)(6) of this section, for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see paragraph (e)(6) of this section. If the interest rate is below 4.2 percent or greater than 14 percent, see paragraph (b) of this section. The adjusted payout rate is determined by multiplying the fixed percentage described in § 1.664-3(a)(1)(i)(a) by the factor describing the payout sequence of the trust and the number of months by which the valuation date for the first full taxable year of the trust precedes the first payout date for such taxable year. If the governing instrument does not prescribe when the distribution or distributions shall be made during the taxable year of the trust, see paragraph (a) of this section. In the case of a trust having a payout sequence for which no figures have been provided by the appropriate table, and in the case of a trust that determines the fair market value of the trust assets by taking the average of valuations on more than one date during the taxable year, see paragraph (b) of this section.

(4) Period is a term of years. If the period described in § 1.664-3(a)(5) is a term of years, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after November 30, 1983, is the factor under the appropriate adjusted payout rate in Table D of paragraph (e)(6) of this section corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the appropriate valuation date) of the property placed in trust by the factor determined under this paragraph. For purposes of this section, the valuation date is, in the case of an inter vivos transfer, the date on which the property is transferred to the trust by the donor. However, if an election is made under section 7520 and § 1.7520-2(b) to compute the present value of the charitable interest by use of the interest rate component for either of the 2 months preceding the month in which the date of transfer falls, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. In the case of a testamentary transfer under section 2055, 2106, or 2624, the valuation date is the date of death, unless the alternate valuation date is elected under section 2032, in which event, and within the limitations set forth in section 2032 and the regulations thereunder, the valuation date is the alternate valuation date. If the decedent's estate elects the alternate valuation date under section 2032 and also elects, under section 7520 and § 1.7520-2(b), to use the interest rate component for one of the 2 months preceding the alternate valuation date, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. The application of this paragraph (e)(4) may be illustrated by the following example:

Example.

D transfers $100,000 to a charitable remainder unitrust on January 1. The trust instrument requires that the trust pay 8 percent of the fair market value of the trust assets as of January 1st for a term of 12 years to D in quarterly payments (March 31, June 30, September 30, and December 31). The section 7520 rate for January (the month that the transfer occurred) is 9.6 percent. Under Table F(9.6) in paragraph (e)(6) of this section, the appropriate adjustment factor is .944628 for quarterly payments payable at the end of each quarter. The adjusted payout rate is 7.557 (8% × .944628). Based on the remainder factors in Table D in paragraph (e)(6) of this section, the present value of the remainder interest is $38,950.30, computed as follows:

Factor at 7.4 percent for 12 years .397495

Factor at 7.6 percent for 12 years .387314

Difference .010181

Interpolation adjustment:

Factor at 7.4 percent for 12 years .397495

Less: Interpolation adjustment .007992

Interpolated factor .389503

Present value of remainder interest:

($100,000 × .389503)..........$38,950.30

(5) Period is the life of one individual—(i) Factor. If the period described in § 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is on or after June 1, 2023, is the factor obtained through the use of the formula in Figure 1 to this paragraph (e)(5)(i) to at least five decimal places. The prescribed mortality table is Table 2010CM as set forth in § 20.2031-7(d)(7)(ii) of this chapter, or for periods before June 1, 2023, the appropriate table found in § 20.2031-7A of this chapter. Table 2010CM is referenced by IRS Publication 1458, Actuarial Values Version 4B. The mortality tables prescribed for periods before June 1, 2023, are referenced by prior versions of IRS Publication 1458. Alternatively, the remainder factors have been determined for the convenience of taxpayers and appear in Table U(1) under the appropriate adjusted payout rate. Table U(1) currently is available, at no charge, electronically via the IRS website at https://www.irs.gov/retirement-plans/actuarial-tables (or a corresponding URL as may be updated from time to time). Table U(1) is referenced and explained by IRS Publication 1458, Actuarial Valuations Version 4B, which will be available within a reasonable time after June 1, 2023. For purposes of the computations described in this paragraph (e)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, an exact method of obtaining the applicable remainder factors (such as through software using the actual adjusted payout rate and the actuarial formula in this paragraph (e)(5)) or a linear interpolation must be used, provided whichever method used is applied consistently in valuing all interests in the same property. The applicable remainder factors derived by an exact method or by interpolation must be expressed to at least five decimal places. The present value of the remainder interest is determined by multiplying the net fair market value (as of the valuation date as determined in § 1.664-4(e)(4)) of the property placed in trust by the factor determined under this paragraph (e)(5). If the adjusted payout rate is from 0.2 to 20.0 percent, inclusive, taxpayers may see the actuarial tables referenced and explained by IRS Publication 1458, Actuarial Valuations Version 4B. Alternatively, the Commissioner may supply a factor upon a request for a ruling. See paragraph (b) of this section.

Figure 1 to Paragraph (e)(5)(i)—Formula for Determining Unitrust Remainder Factors

(ii) Sample factors from actuarial Table U(1). For purposes of the example in paragraph (e)(5)(iii) of this section, the following factors from Table U(1) and Table F(3.2) (see paragraph (e)(6)(ii) of this section) will be used:

Table 2 to Paragraph (e)(5)(ii)

Factors From Table U(1)—Based on Table 2010CM

Adjusted payout rate

Age 4.8% 5.0% 5.2%

77 0.61491 0.60343 0.59223

Factors from Table F(3.2)

Factors for Computing Adjusted Payout Rates for Unitrusts

Interest at 3.2 Percent

# of Months from Annual Valuation to First Payout Adjustment Factors for Payments at End of Period

At Least But Less Than Annual Semiannual

6 7 0.984374 0.976683

(iii) Example of interpolation. After June 1, 2023, A, whose age is 76 years and 11 months, transfers $100,000 to a charitable remainder unitrust on January 1st. The trust instrument requires that the trust pay to A semiannually (on June 30 and December 31) 5 percent of the fair market value of the trust assets as of January 1st during A's life. The section 7520 rate for January is 3.2 percent. Under Table F(3.2), the appropriate adjustment factor is 0.976683 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 4.883% (5% × 0.976683). Based on interpolating between the remainder factors in Table U(1), the present value of the remainder interest is $61,015, computed as illustrated in Figure 2 to this paragraph (e)(5)(iii).

Figure 2 to Paragraph (e)(5)(iii)—Illustration of Unitrust Interpolation Method

(6) Actuarial Table D and Tables F(0.2) through F(20.0) for transfers for which the valuation date is on or after May 1, 1989—(i) Remainder factors for charitable remainder unitrusts. For transfers for which the valuation date is on or after May 1, 1989, the present value of a charitable remainder unitrust interest that is dependent upon a term of years is determined by using the formula in Figure 3 to this paragraph (e)(6)(i) and calculating the final result to at least six decimal places. For the convenience of taxpayers, actuarial factors have been computed by the IRS and appear in Table D. Table D can be found on the IRS website at https://www.irs.gov/retirement-plans/actuarial-tables (or a corresponding URL as may be updated from time to time). Table D is referenced and explained in IRS Publication 1458, Actuarial Valuations Version 4B, which will be available within a reasonable time after June 1, 2023. The remainder factors from Table D also can be found in paragraph (e)(6)(iii) of this section, but only for adjusted payout rates from 4.2 to 14 percent, inclusive. For transfers for which the valuation date is on or after June 1, 2023, where the present value of a charitable remainder unitrust interest is dependent on the termination of a life interest, see paragraph (e)(5) of this section. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances).

Figure 3 to Paragraph (e)(6)(i)—Formula for Determining Term Certain Unitrust Remainder Factors

(ii) Unitrust payout rate adjustment factors. For transfers for which the valuation date is on or after May 1, 1989, the unitrust payout rate adjustment factors are determined by using the formula in Figure 4 to this paragraph (e)(6)(ii) and calculating the final result to at least six decimal places. For the convenience of taxpayers, actuarial factors have been computed by the IRS, for interest rates from 0.2 to 20 percent, inclusive, and appear in Tables F(0.2) through F(20.0). Tables F(0.2) through F(20.0) can be found on the IRS website at https://www.irs.gov/retirement-plans/actuarial-tables (or a corresponding URL as may be updated from time to time). Tables F(0.2) through F(20.0) are referenced and explained in IRS Publication 1458, Actuarial Valuations Version 4B, which will be available within a reasonable time after June 1, 2023. The factors from Table F also can be found in paragraph (e)(6)(iii) of this section, but only for interest rates from 4.2 to 14 percent, inclusive.

Figure 4 to Paragraph (e)(6)(ii)—Formula for Determining Unitrust Payout Rate Adjustment Factors

(iii) Table D and Tables F(4.2) through F(14.0). The unitrust remainder factors from Table D, for interest rates from 4.2 to 14 percent, inclusive, and the unitrust payout factors from Tables F(4.2) through F(14.0) are as follows:

Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust

[Applicable after April 30, 1989]

Years Adjusted payout rate

4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%

1 .958000 .956000 .954000 .952000 .950000 .948000 .946000 .944000 .942000 .940000

2 .917764 .913936 .910116 .906304 .902500 .898704 .894916 .891136 .887364 .883600

3 .879218 .873723 .868251 .862801 .857375 .851971 .846591 .841232 .835897 .830584

4 .842291 .835279 .828311 .821387 .814506 .807669 .800875 .794123 .787415 .780749

5 .806915 .798527 .790209 .781960 .773781 .765670 .757627 .749652 .741745 .733904

6 .773024 .763392 .753859 .744426 .735092 .725855 .716716 .707672 .698724 .689870

7 .740557 .729802 .719182 .708694 .698337 .688111 .678013 .668042 .658198 .648478

8 .709454 .697691 .686099 .674677 .663420 .652329 .641400 .630632 .620022 .609569

9 .679657 .666993 .654539 .642292 .630249 .618408 .606765 .595317 .584061 .572995

10 .651111 .637645 .624430 .611462 .598737 .586251 .573999 .561979 .550185 .538615

11 .623764 .609589 .595706 .582112 .568800 .555766 .543003 .530508 .518275 .506298

12 .597566 .582767 .568304 .554170 .540360 .526866 .513681 .500800 .488215 .475920

13 .572469 .557125 .542162 .527570 .513342 .499469 .485942 .472755 .459898 .447365

14 .548425 .532611 .517222 .502247 .487675 .473496 .459701 .446281 .433224 .420523

15 .525391 .509177 .493430 .478139 .463291 .448875 .434878 .421289 .408097 .395292

16 .503325 .486773 .470732 .455188 .440127 .425533 .411394 .397697 .384427 .371574

17 .482185 .465355 .449079 .433339 .418120 .403405 .389179 .375426 .362131 .349280

18 .461933 .444879 .428421 .412539 .397214 .382428 .368163 .354402 .341127 .328323

19 .442532 .425304 .408714 .392737 .377354 .362542 .348282 .334555 .321342 .308624

20 .423946 .406591 .389913 .373886 .358486 .343690 .329475 .315820 .302704 .290106

Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust

[Applicable after April 30, 1989]

Years Adjusted payout rate

6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%

1 .938000 .936000 .934000 .932000 .930000 .928000 .926000 .924000 .922000 .920000

2 .879844 .876096 .872356 .868624 .864900 .861184 .857476 .853776 .850084 .846400

3 .825294 .820026 .814781 .809558 .804357 .799179 .794023 .788889 .783777 .778688

4 .774125 .767544 .761005 .754508 .748052 .741638 .735265 .728933 .722643 .716393

5 .726130 .718421 .710779 .703201 .695688 .688240 .680855 .673535 .666277 .659082

6 .681110 .672442 .663867 .655383 .646990 .638687 .630472 .622346 .614307 .606355

7 .638881 .629406 .620052 .610817 .601701 .592701 .583817 .575048 .566391 .557847

8 .599270 .589124 .579129 .569282 .559582 .550027 .540615 .531344 .522213 .513219

9 .562115 .551420 .540906 .530571 .520411 .510425 .500609 .490962 .481480 .472161

10 .527264 .516129 .505206 .494492 .483982 .473674 .463564 .453649 .443925 .434388

11 .494574 .483097 .471863 .460866 .450104 .439570 .429260 .419171 .409298 .399637

12 .463910 .452179 .440720 .429527 .418596 .407921 .397495 .387314 .377373 .367666

13 .435148 .423239 .411632 .400320 .389295 .378550 .368081 .357879 .347938 .338253

14 .408169 .396152 .384465 .373098 .362044 .351295 .340843 .330680 .320799 .311193

15 .382862 .370798 .359090 .347727 .336701 .326002 .315620 .305548 .295777 .286297

16 .359125 .347067 .335390 .324082 .313132 .302529 .292264 .282326 .272706 .263394

17 .336859 .324855 .313254 .302044 .291213 .280747 .270637 .260870 .251435 .242322

18 .315974 .304064 .292579 .281505 .270828 .260533 .250610 .241044 .231823 .222936

19 .296383 .284604 .273269 .262363 .251870 .241775 .232065 .222724 .213741 .205101

20 .278008 .266389 .255233 .244522 .234239 .224367 .214892 .205797 .197069 .188693

Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust

[Applicable after April 30, 1989]

Years Adjusted payout rate

8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%

1 .918000 .916000 .914000 .912000 .910000 .908000 .906000 .904000 .902000 .900000

2 .842724 .839056 .835396 .831744 .828100 .824464 .820836 .817216 .813604 .810000

3 .773621 .768575 .763552 .758551 .753571 .748613 .743677 .738763 .733871 .729000

4 .710184 .704015 .697886 .691798 .685750 .679741 .673772 .667842 .661951 .656100

5 .651949 .644878 .637868 .630920 .624032 .617205 .610437 .603729 .597080 .590490

6 .598489 .590708 .583012 .575399 .567869 .560422 .553056 .545771 .538566 .531441

7 .549413 .541089 .532873 .524764 .516761 .508863 .501069 .493377 .485787 .478297

8 .504361 .495637 .487046 .478585 .470253 .462048 .453968 .446013 .438180 .430467

9 .463003 .454004 .445160 .436469 .427930 .419539 .411295 .403196 .395238 .387420

10 .425037 .415867 .406876 .398060 .389416 .380942 .372634 .364489 .356505 .348678

11 .390184 .380934 .371885 .363031 .354369 .345895 .337606 .329498 .321567 .313811

12 .358189 .348936 .339902 .331084 .322475 .314073 .305871 .297866 .290054 .282430

13 .328817 .319625 .310671 .301949 .293453 .285178 .277119 .269271 .261628 .254187

14 .301854 .292777 .283953 .275377 .267042 .258942 .251070 .243421 .235989 .228768

15 .277102 .268184 .259533 .251144 .243008 .235119 .227469 .220053 .212862 .205891

16 .254380 .245656 .237213 .229043 .221137 .213488 .206087 .198928 .192001 .185302

17 .233521 .225021 .216813 .208887 .201235 .193847 .186715 .179830 .173185 .166772

18 .214372 .206119 .198167 .190505 .183124 .176013 .169164 .162567 .156213 .150095

19 .196794 .188805 .181125 .173741 .166643 .159820 .153262 .146960 .140904 .135085

20 .180657 .172946 .165548 .158452 .151645 .145117 .138856 .132852 .127096 .121577

Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust

[Applicable after April 30, 1989]

Years Adjusted payout rate

10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%

1 .898000 .896000 .894000 .892000 .890000 .888000 .886000 .884000 .882000 .880000

2 .806404 .802816 .799236 .795664 .792100 .788544 .784996 .781456 .777924 .774400

3 .724151 .719323 .714517 .709732 .704969 .700227 .695506 .690807 .686129 .681472

4 .650287 .644514 .638778 .633081 .627422 .621802 .616219 .610673 .605166 .599695

5 .583958 .577484 .571068 .564708 .558406 .552160 .545970 .539835 .533756 .527732

6 .524394 .517426 .510535 .503720 .496981 .490318 .483729 .477214 .470773 .464404

7 .470906 .463613 .456418 .449318 .442313 .435402 .428584 .421858 .415222 .408676

8 .422874 .415398 .408038 .400792 .393659 .386637 .379726 .372922 .366226 .359635

9 .379741 .372196 .364786 .357506 .350356 .343334 .336437 .329663 .323011 .316478

10 .341007 .333488 .326118 .318896 .311817 .304881 .298083 .291422 .284896 .278501

11 .306224 .298805 .291550 .284455 .277517 .270734 .264102 .257617 .251278 .245081

12 .274989 .267729 .260645 .253734 .246990 .240412 .233994 .227734 .221627 .215671

13 .246941 .239886 .233017 .226331 .219821 .213486 .207319 .201317 .195475 .189791

14 .221753 .214937 .208317 .201887 .195641 .189575 .183684 .177964 .172409 .167016

15 .199134 .192584 .186236 .180083 .174121 .168343 .162744 .157320 .152065 .146974

16 .178822 .172555 .166495 .160634 .154967 .149488 .144191 .139071 .134121 .129337

17 .160582 .154609 .148846 .143286 .137921 .132746 .127754 .122939 .118295 .113817

18 .144203 .138530 .133069 .127811 .122750 .117878 .113190 .108678 .104336 .100159

19 .129494 .124123 .118963 .114007 .109247 .104676 .100286 .096071 .092024 .088140

20 .116286 .111214 .106353 .101694 .097230 .092952 .088853 .084927 .081166 .077563

Table D—Showing the Present Worth of a Remainder Interest Postponed for a Term Certain in a Charitable Remainder Unitrust

[Applicable after April 30, 1989]

Years Adjusted payout rate

12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%

1 .878000 .876000 .874000 .872000 .870000 .868000 .866000 .864000 .862000 .860000

2 .770884 .767376 .763876 .760384 .756900 .753424 .749956 .746496 .743044 .739600

3 .676836 .672221 .667628 .663055 .658503 .653972 .649462 .644973 .640504 .636056

4 .594262 .588866 .583507 .578184 .572898 .567648 .562434 .557256 .552114 .547008

5 .521762 .515847 .509985 .504176 .498421 .492718 .487068 .481469 .475923 .470427

6 .458107 .451882 .445727 .439642 .433626 .427679 .421801 .415990 .410245 .404567

7 .402218 .395848 .389565 .383368 .377255 .371226 .365279 .359415 .353631 .347928

8 .353147 .346763 .340480 .334297 .328212 .322224 .316332 .310535 .304830 .299218

9 .310063 .303764 .297579 .291507 .285544 .279690 .273944 .268302 .262764 .257327

10 .272236 .266098 .260084 .254194 .248423 .242771 .237235 .231813 .226502 .221302

11 .239023 .233102 .227314 .221657 .216128 .210725 .205446 .200286 .195245 .190319

12 .209862 .204197 .198672 .193285 .188032 .182910 .177916 .173047 .168301 .163675

13 .184259 .178877 .173640 .168544 .163588 .158766 .154075 .149513 .145076 .140760

14 .161779 .156696 .151761 .146971 .142321 .137809 .133429 .129179 .125055 .121054

15 .142042 .137266 .132639 .128158 .123819 .119618 .115550 .111611 .107798 .104106

16 .124713 .120245 .115927 .111754 .107723 .103828 .100066 .096432 .092922 .089531

17 .109498 .105334 .101320 .097450 .093719 .090123 .086657 .083317 .080098 .076997

18 .096139 .092273 .088554 .084976 .081535 .078227 .075045 .071986 .069045 .066217

19 .084410 .080831 .077396 .074099 .070936 .067901 .064989 .062196 .059517 .056947

20 .074112 .070808 .067644 .064614 .061714 .058938 .056280 .053737 .051303 .048974

Table F(4.2)—With Interest at 4.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .989820 .984755 .981389

1 2 .996577 .986432 .981385 .978030

2 3 .993166 .983056 .978026

3 4 .989767 .979691 .974679

4 5 .986380 .976338

5 6 .983004 .972996

6 7 .979639 .969666

7 8 .976286

8 9 .972945

9 10 .969615

10 11 .966296

11 12 .962989

12 .959693

Table F(4.4)—With Interest at 4.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .989350 .984054 .980533

1 2 .996418 .985806 .980529 .977021

2 3 .992849 .982275 .977017

3 4 .989293 .978757 .973517

4 5 .985749 .975251

5 6 .982219 .971758

6 7 .978700 .968277

7 8 .975195

8 9 .971702

9 10 .968221

10 11 .964753

11 12 .961298

12 .957854

Table F(4.6)—With Interest at 4.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .988882 .983354 .979680

1 2 .996259 .985183 .979676 .976015

2 3 .992532 .981498 .976011

3 4 .988820 .977826 .972360

4 5 .985121 .974168

5 6 .981436 .970524

6 7 .977764 .966894

7 8 .974107

8 9 .970463

9 10 .966832

10 11 .963216

11 12 .959613

12 .956023

Table F(4.8)—With Interest at 4.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .988415 .982657 .978830

1 2 .996101 .984561 .978825 .975013

2 3 .992217 .980722 .975008

3 4 .988348 .976898 .971206

4 5 .984494 .973089

5 6 .980655 .969294

6 7 .976831 .965515

7 8 .973022

8 9 .969228

9 10 .965448

10 11 .961684

11 12 .957934

12 .954198

Table F(5.0)—With Interest at 5.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .987950 .981961 .977982

1 2 .995942 .983941 .977977 .974014

2 3 .991901 .979949 .974009

3 4 .987877 .975973 .970057

4 5 .983868 .972013

5 6 .979876 .968069

6 7 .975900 .964141

7 8 .971940

8 9 .967997

9 10 .964069

10 11 .960157

11 12 .956261

12 .952381

Table F(5.2)—With Interest at 5.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .987486 .981268 .977137

1 2 .995784 .983323 .977132 .973018

2 3 .991587 .979178 .973012

3 4 .987407 .975050 .968911

4 5 .983244 .970940

5 6 .979099 .966847

6 7 .974972 .962771

7 8 .970862

8 9 .966769

9 10 .962694

10 11 .958636

11 12 .954594

12 .950570

Table F(5.4)—With Interest at 5.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .987023 .980577 .976295

1 2 .995627 .982707 .976289 .972026

2 3 .991273 .978409 .972019

3 4 .986938 .974131 .967769

4 5 .982622 .969871

5 6 .978325 .965629

6 7 .974047 .961407

7 8 .969787

8 9 .965546

9 10 .961323

10 11 .957119

11 12 .952934

12 .948767

Table F(5.6)—With Interest at 5.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .986562 .979888 .975455

1 2 .995470 .982092 .975449 .971036

2 3 .990960 .977643 .971029

3 4 .986470 .973214 .966630

4 5 .982001 .968805

5 6 .977552 .964416

6 7 .973124 .960047

7 8 .968715

8 9 .964326

9 10 .959958

10 11 .955609

11 12 .951279

12 .946970

Table F(5.8)—With Interest at 5.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .986102 .979201 .974618

1 2 .995313 .981480 .974611 .970050

2 3 .990647 .976879 .970043

3 4 .986004 .972300 .965496

4 5 .981382 .967743

5 6 .976782 .963206

6 7 .972203 .958692

7 8 .967646

8 9 .963111

9 10 .958596

10 11 .954103

11 12 .949631

12 .945180

Table F(6.0)—With Interest at 6.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .985643 .978516 .973784

1 2 .995156 .980869 .973776 .969067

2 3 .990336 .976117 .969059

3 4 .985538 .971389 .964365

4 5 .980764 .966684

5 6 .976014 .962001

6 7 .971286 .957341

7 8 .966581

8 9 .961899

9 10 .957239

10 11 .952603

11 12 .947988

12 .943396

Table F(6.2)—With Interest at 6.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .985185 .977833 .972952

1 2 .995000 .980259 .972944 .968087

2 3 .990024 .975358 .968079

3 4 .985074 .970481 .963238

4 5 .980148 .965628

5 6 .975247 .960799

6 7 .970371 .955995

7 8 .965519

8 9 .960691

9 10 .955887

10 11 .951107

11 12 .946352

12 .941620

Table F(6.4)—With Interest at 6.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .984729 .977152 .972122

1 2 .994844 .979652 .972114 .967110

2 3 .989714 .974600 .967101

3 4 .984611 .969575 .962115

4 5 .979534 .964576

5 6 .974483 .959602

6 7 .969458 .954654

7 8 .964460

8 9 .959487

9 10 .954539

10 11 .949617

11 12 .944721

12 .939850

Table F(6.6)—With Interest at 6.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .984274 .976473 .971295

1 2 .994688 .979046 .971286 .966136

2 3 .989404 .973845 .966127

3 4 .984149 .968672 .960995

4 5 .978921 .963527

5 6 .973721 .958408

6 7 .968549 .953317

7 8 .963404

8 9 .958286

9 10 .953196

10 11 .948132

11 12 .943096

12 .938086

Table F(6.8)—With Interest at 6.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .983821 .975796 .970471

1 2 .994533 .978442 .970461 .965165

2 3 .989095 .973092 .965156

3 4 .983688 .967772 .959879

4 5 .978309 .962481

5 6 .972961 .957219

6 7 .967641 .951985

7 8 .962351

8 9 .957089

9 10 .951857

10 11 .946653

11 12 .941477

12 .936330

Table F(7.0)—With Interest at 7.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .983368 .975122 .969649

1 2 .994378 .977839 .969639 .964198

2 3 .988787 .972342 .964187

3 4 .983228 .966875 .958766

4 5 .977700 .961439

5 6 .972203 .956033

6 7 .966736 .950658

7 8 .961301

8 9 .955896

9 10 .950522

10 11 .945178

11 12 .939864

12 .934579

Table F(7.2)—With Interest at 7.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .982917 .974449 .968830

1 2 .994223 .977239 .968819 .963233

2 3 .988479 .971593 .963222

3 4 .982769 .965980 .957658

4 5 .977091 .960400

5 6 .971446 .954851

6 7 .965834 .949335

7 8 .960255

8 9 .954707

9 10 .949192

10 11 .943708

11 12 .938256

12 .932836

Table F(7.4)—With Interest at 7.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .982467 .973778 .968013

1 2 .994068 .976640 .968002 .962271

2 3 .988172 .970847 .962260

3 4 .982311 .965088 .956552

4 5 .976484 .959364

5 6 .970692 .953673

6 7 .964935 .948017

7 8 .959211

8 9 .953521

9 10 .947866

10 11 .942243

11 12 .936654

12 .931099

Table F(7.6)—With Interest at 7.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .982019 .973109 .967199

1 2 .993914 .976042 .967187 .961313

2 3 .987866 .970103 .961301

3 4 .981854 .964199 .955451

4 5 .975879 .958331

5 6 .969940 .952499

6 7 .964037 .946703

7 8 .958171

8 9 .952340

9 10 .946544

10 11 .940784

11 12 .935058

12 .929368

Table F(7.8)—With Interest at 7.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.0000000 .981571 .972442 .966387

1 2 .993761 .975447 .966374 .960357

2 3 .987560 .969361 .960345

3 4 .981398 .963312 .954353

4 5 .975275 .957302

5 6 .969190 .951329

6 7 .963143 .945393

7 8 .957133

8 9 .951161

9 10 .945227

10 11 .939329

11 12 .933468

12 .927644

Table F(8.0)—With Interest at 8.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .981125 .971777 .965578

1 2 .993607 .974853 .965564 .959405

2 3 .987255 .968621 .959392

3 4 980944 .962429 .953258

4 5 .974673 .956276

5 6 .968442 .950162

6 7 .962250 .944088

7 8 .956099

8 9 .949987

9 10 .943913

10 11 .937879

11 12 .931883

12 .925926

Table F(8.2)—With Interest at 8.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .980680 .971114 .964771

1 2 .993454 .974261 .964757 .958455

2 3 .986951 .967883 .958441

3 4 .980490 .961547 .952167

4 5 .974072 .955253

5 6 .967695 .949000

6 7 .961361 .942788

7 8 .955068

8 9 .948816

9 10 .942605

10 11 .936434

11 12 .930304

12 .924214

Table F(8.2)—With Interest at 8.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .980237 .970453 .963966

1 2 .993301 .973670 .963952 .957509

2 3 .986647 .967148 .957494

3 4 .980037 .960669 .951080

4 5 .973472 .954233

5 6 .966951 .947841

6 7 .960473 .941491

7 8 .954039

8 9 .947648

9 10 .941300

10 11 .934994

11 12 .928731

12 .922509

Table F(8.6)—With Interest at 8.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .979794 .969794 .963164

1 2 .993148 .973081 .963149 .956565

2 3 .986344 .966414 .956550

3 4 .979586 .959793 .949996

4 5 .972874 .953217

5 6 .966209 .946686

6 7 .959589 .940199

7 8 .953014

8 9 .946484

9 10 .940000

10 11 .933559

11 12 .927163

12 .920810

Table F(8.8)—With Interest at 8.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .979353 .969136 .962364

1 2 .992996 .972494 .962349 .955624

2 3 .986041 .965683 .955609

3 4 .979135 .958919 .948916

4 5 .972278 .952203

5 6 .965468 .945534

6 7 .958706 .938912

7 8 .951992

8 9 .945324

9 10 .938703

10 11 .932129

11 12 .925600

12 .919118

Table F(9.0)—With Interest at 9.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .978913 .968481 .961567

1 2 .992844 .971908 .961551 .954686

2 3 .985740 .964954 .954670

3 4 .978686 .958049 .947839

4 5 .971683 .951193

5 6 .964730 .944387

6 7 .957826 .937629

7 8 .950972

8 9 .944167

9 10 .937411

10 11 .930703

11 12 .924043

12 .917431

Table F(9.2)—With Interest at 9.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .978474 .967827 .960772

1 2 .992693 .971324 .960755 .953752

2 3 .985439 .964226 .953734

3 4 .978238 .957180 .946765

4 5 .971089 .950186

5 6 .963993 .943242

6 7 .956949 .936350

7 8 .949956

8 9 .943014

9 10 .936123

10 11 .929283

11 12 .922492

12 .915751

Table F(9.4)—With Interest at 9.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .978037 .967176 .959980

1 2 .992541 .970742 .959962 .952820

2 3 .985138 .963501 .952802

3 4 .977790 .956315 .945695

4 5 .970497 .949182

5 6 .963258 .942102

6 7 .956074 .935075

7 8 .948942

8 9 .941865

9 10 .934839

10 11 .927867

11 12 .920946

12 .914077

Table F(9.6)—With Interest at 9.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .977600 .966526 .959190

1 2 .992390 .970161 .959171 .951890

2 3 .984838 .962778 .951872

3 4 .977344 .955452 .944628

4 5 .969906 .948181

5 6 .962526 .940965

6 7 .955201 .933805

7 8 .947932

8 9 .940718

9 10 .933560

10 11 .926455

11 12 .919405

12 .912409

Table F(9.8)—With Interest at 9.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .977165 .965878 .958402

1 2 .992239 .969582 .958382 .950964

2 3 .984539 .962057 .950945

3 4 .976898 .954591 .943565

4 5 .969317 .947183

5 6 .961795 .939832

6 7 .954331 .932539

7 8 .946924

8 9 .939576

9 10 .932284

10 11 .925049

11 12 .917870

12 .910747

Table F(10.0)—With Interest at 10.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .976731 .965232 .957616

1 2 .992089 .969004 .957596 .950041

2 3 .984240 .961338 .950021

3 4 .976454 .953733 .942505

4 5 .968729 .946188

5 6 .961066 .938703

6 7 .953463 .931277

7 8 .945920

8 9 .938436

9 10 .931012

10 11 .923647

11 12 .916340

12 .909091

Table F(10.2)—With Interest at 10.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .976298 .964588 .956833

1 2 .991939 .968428 .956812 .949120

2 3 .983943 .960622 .949099

3 4 .976011 .952878 .941448

4 5 .968143 .945196

5 6 .960338 .937577

6 7 .952597 .930019

7 8 .944918

8 9 .937301

9 10 .929745

10 11 .922250

11 12 .914816

12 .907441

Table F(10.4)—With Interest at 10.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .975867 .963946 .956052

1 2 .991789 .967854 .956031 .948202

2 3 .983645 .959907 .948181

3 4 .975568 .952025 .940395

4 5 .967558 .944208

5 6 .959613 .936455

6 7 .951734 .928765

7 8 .943919

8 9 .936168

9 10 .928481

10 11 .920858

11 12 .913296

12 .905797

Table F(10.6)—With Interest at 10.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .975436 .963305 .955274

1 2 .991639 .967281 .955252 .947287

2 3 .983349 .959194 .947265

3 4 .975127 .951174 .939345

4 5 .966974 .943222

5 6 .958890 .935336

6 7 .950873 .927516

7 8 .942923

8 9 .935039

9 10 .927222

10 11 .919470

11 12 .911782

12 .904159

Table F(10.8)—With Interest at 10.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .975007 .962667 .954498

1 2 .991490 .966710 .954475 .946375

2 3 .983052 .958483 .946352

3 4 .974687 .950327 .938299

4 5 .966392 .942239

5 6 .958168 .934221

6 7 .950014 .926271

7 8 .941930

8 9 .933914

9 10 .925966

10 11 .918086

11 12 .910273

12 .902527

Table F(11.0)—With Interest at 11.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .974579 .962030 .953724

1 2 .991341 .966140 .953700 .945466

2 3 .982757 .957774 .945442

3 4 .974247 .949481 .937255

4 5 .965811 .941260

5 6 .957449 .933109

6 7 .949158 .925029

7 8 .940939

8 9 .932792

9 10 .924715

10 11 .916708

11 12 .908770

12 .900901

Table F(11.2)—With Interest at 11.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .974152 .961395 .952952

1 2 .991192 .965572 .952927 .944559

2 3 .982462 .957068 .944534

3 4 .973809 .948638 .936215

4 5 .965232 .940283

5 6 .956731 .932001

6 7 .948304 .923792

7 8 .939952

8 9 .931673

9 10 .923467

10 11 .915333

11 12 .907272

12 .899281

Table F(11.4)—With Interest at 11.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .973726 .960762 .952183

1 2 .991044 .965005 .952157 .943655

2 3 .982168 .956363 .943630

3 4 .973372 .947798 .935178

4 5 .964654 .939309

5 6 .956015 .930896

6 7 .947452 .922559

7 8 .938967

8 9 .930557

9 10 .922223

10 11 .913964

11 12 .905778

12 .897666

Table F(11.6)—With Interest at 11.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .973302 .960130 .951416

1 2 .990896 .964440 .951389 .942754

2 3 .981874 .955660 .942728

3 4 .972935 .946959 .934145

4 5 .964077 .938338

5 6 .955300 .929795

6 7 .946603 .921330

7 8 .937985

8 9 .929445

9 10 .920984

10 11 .912599

11 12 .904290

12 .896057

Table F(11.8)—With Interest at 11.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .972878 .959501 .950651

1 2 .990748 .963877 .950624 .941855

2 3 .981582 .954959 .941828

3 4 .972500 .946124 .933114

4 5 .963502 .937370

5 6 .954588 .928698

6 7 .945756 .920105

7 8 .937006

8 9 .928337

9 10 .919748

10 11 .911238

11 12 .902807

12 .894454

Table F(12.0)—With Interest at 12.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .972456 .958873 .949888

1 2 .990600 .963315 .949860 .940960

2 3 .981289 .954260 .940932

3 4 .972065 .945290 .932087

4 5 .962928 .936405

5 6 .953877 .927603

6 7 .944911 .918884

7 8 .936029

8 9 .927231

9 10 .918515

10 11 .909882

11 12 .901329

12 .892857

Table F(12.2)—With Interest at 12.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .972034 .958247 .949128

1 2 .990453 .962754 .949099 .940067

2 3 .980997 .953563 .940038

3 4 .971632 .944460 .931063

4 5 .962356 .935443

5 6 .953168 .926512

6 7 .944069 .917667

7 8 .935056

8 9 .926129

9 10 .917287

10 11 .908530

11 12 .899856

12 .891266

Table F(12.4)—With Interest at 12.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .971614 .957623 .948370

1 2 .990306 .962195 .948340 .939176

2 3 .980706 .952868 .939147

3 4 .971199 .943631 .930043

4 5 .961785 .934484

5 6 .952461 .925425

6 7 .943228 .916454

7 8 .934085

8 9 .925030

9 10 .916063

10 11 .907183

11 12 .898389

12 .889680

Table F(12.6)—With Interest at 12.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least but less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .971195 .957000 .947614

1 2 .990159 .961638 .947583 .938289

2 3 .980416 .952175 .938258

3 4 .970768 .942805 .929025

4 5 .961215 .933527

5 6 .951756 .924341

6 7 .942390 .915245

7 8 .933117

8 9 .923934

9 10 .914842

10 11 .905840

11 12 .896926

12 .888099

Table F(12.8)—With Interest at 12.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least but less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .970777 .956379 .946860

1 2 .990013 .961082 .946828 .937403

2 3 .980126 .951484 .937372

3 4 .970337 .941981 .928011

4 5 .960647 .932574

5 6 .951053 .923260

6 7 .941554 .914040

7 8 .932151

8 9 .922842

9 10 .913625

10 11 .904501

11 12 .895468

12 .886525

Table F(13.0)—With Interest at 13.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .970360 .955760 .946108

1 2 .989867 .960528 .946075 .936521

2 3 .979836 .950795 .936489

3 4 .969908 .941160 .926999

4 5 .960079 .931623

5 6 .950351 .922183

6 7 .940721 .912838

7 8 .931188

8 9 .921753

9 10 .912412

10 11 .903167

11 12 .894015

12 .884956

Table F(13.2)—With Interest at 13.2 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .969945 .955143 .945359

1 2 .989721 .959975 .945325 .935641

2 3 .979548 .950107 .935608

3 4 .969479 .940341 .925991

4 5 .959514 .930675

5 6 .949651 .921109

6 7 .939889 .911641

7 8 .930228

8 9 .920667

9 10 .911203

10 11 .901837

11 12 .892567

12 .883392

Table F(13.4)—With Interest at 13.4 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .969530 .954527 .944611

1 2 .989575 .959423 .944577 .934764

2 3 .979260 .949422 .934730

3 4 .969051 .939524 .924986

4 5 .958949 .929730

5 6 .948953 .920038

6 7 .939060 .910447

7 8 .929271

8 9 .919584

9 10 .909998

10 11 .900511

11 12 .891124

12 .881834

Table F(13.6)—With Interest at 13.6 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .969117 .953913 .943866

1 2 .989430 .958873 .943831 .933890

2 3 .978972 .948738 .933854

3 4 .968624 .938710 .923984

4 5 .958386 .928788

5 6 .948256 .918971

6 7 .938233 .909257

7 8 .928316

8 9 .918504

9 10 .908796

10 11 .899190

11 12 .889686

12 .880282

Table F(13.8)—With Interest at 13.8 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first full taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .968704 .953301 .943123

1 2 .989285 .958325 .943087 .933018

2 3 .978685 .948056 .932982

3 4 .968199 .937898 .922985

4 5 .957824 .927849

5 6 .947561 .917907

6 7 .937408 .908072

7 8 .927364

8 9 .917428

9 10 .907598

10 11 .897873

11 12 .888252

12 .878735

Table F(14.0)—With Interest at 14.0 Percent, Showing Factors for Computation of the Adjusted Payout Rate for Certain Valuations

[Applicable after April 30, 1989]

1 Number of months by which the valuation date for the first rull taxable year of the trust precedes the first payout 2 Factors for payout at the end of each period

At least But less than Annual period Semiannual period Quarterly period Monthly period

1 1.000000 .968293 .952691 .942382

1 2 .989140 .957778 .942345 .932148

2 3 .978399 .947377 .932111

3 4 .967774 .937088 .921989

4 5 .957264 .926912

5 6 .946868 .916846

6 7 .936586 .906889

7 8 .926415

8 9 .916354

9 10 .906403

10 11 .896560

11 12 .886824

12 .877193

(7) Actuarial Table U(1) for transfers for which the valuation date is on or after June 1, 2023. The present value of a remainder interest in a charitable remainder unitrust that is dependent on the termination of a life interest is determined by using the section 7520 rate, Tables F(0.2) through (20.0) (see paragraph (e)(6)(ii) of this section), and the formula in paragraph (e)(5)(i) of this section to derive a remainder factor from the appropriate mortality table to at least five decimal places. For the convenience of taxpayers, actuarial factors have been computed by the IRS and appear in Table U(1). For transfers for which the valuation date is on or after June 1, 2023, the actuarial tables are currently available, at no charge, electronically via the IRS website at https://www.irs.gov/retirement-plans/actuarial-tables. These actuarial tables are referenced and explained by IRS Publication 1458, Actuarial Valuations Version 4B (2023). This publication will be available within a reasonable time after June 1, 2023. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances).

(f) Applicability date. This section applies on and after June 1, 2023.